Commodities: Gold at $1305, WTI Oil at $58.97, Palladium through $1600 for the first time.
Currencies: Swedish Krona weakness unnerving markets. Indian Rupee gone from worst to best performing currency. GBP while weaker following Westminster’s events yesterday, is attracting increasing interest and more expectation of a rally. USD weaker versus EUR.
Equities: FTSE 7324, Dow 25,887.
I0 year Govt Yields: US 2.61, Germany 0.10, UK 1.18, France 0.47, Italy 2.49, Japan -0.05
FUNEX? S, V F X. -Must be said out loud in the accent of a German in a disaster movie
Just in from the Swiss gnomes at Zurich University: in the past several thousand years as our diets have improved, so has our ability to enunciate certain letters and in particular F and V. Lots of Swiss science behind this one but when you say in your best Swiss accent: “SVFX” it is down no doubt more to your 5 a day than your battered Mars bars:
Meanwhile…..S, VFX……Yes Ve Haf Eggs …………and nice the way that FX features!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Data Day Despite salient data already having been published in China and France so far this morning, we are far from finished with the deluge of data due to reach the market today. The most important of which will be those that we have signposted in earlier briefings: Eurozone and US inflation figures. Given just […]
Eurozone That was a surprise: yesterday the EU announced that inflation had fallen to 2.4% which was considerably better than the 2.7% that markets had expected. Despite the ECB saying it was far too early to cut rates, the market has pencilled in the first cut for April. Before getting carried away it should be […]
UK Labour market The Bank of England yesterday broke cover to drive the message home that due to the UK’s labour market remaining tight, it was premature to start talking interest rate cuts and it was not just Governor Bailey who was calling for higher for longer interest rates but also his MEPC colleague Jonathan […]